Health insurance refunds by state (will you get one?)

[Omaha Steve]

http://yourhealthsecurity.org/health-insurance-refund-map

New rules created by the Affordable Care Act require health insurers to spend on average at least 80% of premiums on actual medical care instead of overhead and profits. Miss the mark and insurers have to refund customers.

Early data released by insurers helped us determine which insurance companies will owe rebates in your state. Rebates will vary in size, but for the first time ever, insurers are actually giving you money back, and anything helps!

Rebates depend on how you get your coverage: whether you buy it on your own or for your family, get it through a small business (50 or fewer employees), or through a large employer with more than 50 employees. Public programs like Medicare and Medicaid spend relatively little on administrative costs and are not included in the refund rule. Medicare Advantage and Medicare supplemental policies have to abide by separate standards but do not owe rebates to customers at this time.

Final numbers are still pending release later this summer but refunds are due by August 1.

Roll over your state to see the total amount of expected rebates. Click here to see which insurance companies in your state are expecting to owe rebates.

Did you get a refund or a discount on your premiums? We want to hear from you. Submit your story
here.

[postulater]

1. Now that money will create some jobs!

[DemocratsForProgress]

2. Thank you!

[pnwest]

3. thx for posting

[2pooped2pop]

4. do the employers or employees get the refund?

n/t

[hobbit709]

5. Health insurance-what's that?

[Lars39]

6. Tennessee:

Tennessee
Individual Market

Aetna Life Ins Co: $1,525,986.38
Golden Rule Ins Co: $2,227,497.00
Connecticut Gen Life Ins Co: $59,320.00
Mid West Natl Life Ins Co Of TN: $751,760.00
Humana Ins Co: $3,747,600.00
Companion Life Ins Co: $952.00
Mega Life & Hlth Ins Co The: $429,214.00
BCBS of TN Inc: $13,567,734.00
Total: $22,310,063.38

Large Employer Market

Shelter Life Ins Co: $65,830.00
Aetna Hlth Inc PA Corp: $3,667.00
Cigna Hlthcare of TN Inc: $2,207,420.00
Total: $2,276,917.00

Small Employer Market

Principal Life Ins Co: $44,499.00
Humana Ins Co: $2,390,996.00
UnitedHealthcare Ins Co: $1,581,946.00
Aetna Hlth Inc PA Corp: $235.00
Humana Hlth Plan Inc: $356,834.00
Total: $4,374,510.00